AffiniPay Drives Accelerated Growth with Record Performance in 2024

AUSTIN, TX (Janurary 7, 2024) -- AffiniPay, a leader in legal practice management, integrated payments, and embedded fintech solutions, has announced a year of milestone achievements for 2024. AffiniPay continues to improve its market position as a driving force in the fintech industry with a deep focus on innovation and customer satisfaction. AffiniPay is redefining how firms manage payments and financial operations through this commitment to excellence.

"We are excited to celebrate our success this year and send a special thank you to our customers for the trust they place in us to help streamline and grow their firms," said Dru Armstrong, Chief Executive Officer of AffiniPay. “As we look toward 2025, we’re excited to continue enhancing our solutions, increase our market presence, and support our customers so they can focus on what matters most, serving their clients.”

Overall Business & Customer Growth:
AffiniPay's growth was accelerated by a significant investment from Genstar Capital, a leading private equity firm. This strategic initiative positions AffiniPay for the next phase of expansion, strengthening its leadership in the fintech industry while driving the development of new products.

With total payment platform processing volume exceeding $20 billion in 2024, AffiniPay continues to enhance the efficiency of its payment solutions and embedded fintech across the legal and accounting industries. Additional growth metrics include:

• 30% increase in Annual Recurring Revenue
• 31% year-over-year increase in Recurring Revenue
• Over $250 million in total loan volume with Pay Later with over 57,000 legal professionals using this unique fee-lending option

The company’s achievements also reflect its ongoing investments in product advancements, customer experience, and expanding market reach. AffiniPay expanded its services, marking a major milestone with the launch of LawPay and CPACharge in Puerto Rico. This expansion aligns with AffiniPay’s ongoing mission to modernize the payment experience for professionals, delivering secure and efficient solutions to legal and accounting firms across the U.S.
Legal Product Updates
AffiniPay launched several exclusive product offerings further to integrate Generative AI into its suite of legal products. The launch of AffiniPay IQ introduced Generative AI into the company’s legal products MyCase and Docketwise.

MyCase Document Summaries helps firms save time by generating concise summaries highlighting any document's key points, making it easier to grasp important information quickly.

MyCase Text Editing goes a step further by identifying unclear sentences and suggesting rewording for improved readability and clarity. It also adjusts word choices and phrasing to better align the tone and communication.

Docketwise IQ Text Editing supports internal and external written communications with AI-generated enhancements. AI-powered text editing offers firms options for changing the style, modifying the tone, or summarizing and organizing notes.

Looking ahead, LawPay and CASEpeer IQ are set to launch in 2025 to further expand the suite of AI-powered solutions available to legal professionals to support firms' operational growth.

MyCase Smart Spend is a comprehensive management solution designed specifically for law firms powered by the LawPay Visa® Business Card*. This new spend management solution allows firms to manage both firm and client expenses seamlessly within one platform. MyCase is one of the first to offer a single destination for firm operations and spend management from start to finish that is currently in beta.

Accounting Product Updates
CPACharge Next Day Payments offers accounting professionals an expedited payment solution that enhances cash flow and improves deposit timelines. This feature, along with new in-person payment consoles, empowers CPA firms to accept secure payments on-site, improving the overall client experience.

AffiniPay launched its next-generation In-Person Payment solutions in CPACharge, ClientPay, and AffiniPay for Associations. These payment devices seamlessly integrate across AffiniPay solutions, offering modern, on-the-go, and in-office payment options. The new functionality includes "tap-to-phone" technology for mobile payments, reducing chargeback risks and ensuring full compliance with every transaction. This supports multiple payment methods, including contactless debit and credit cards, chip card inserts, and digital wallets like Apple Pay and Google Pay, providing a secure and convenient experience for both firms and their clients.

Company Updates
In 2024, AffiniPay earned a spot on the Inc. 5000 List of fastest-growing privately held companies for the 13th consecutive year. The company’s three-year revenue growth of 217% is a testament to its market leadership and continued excellence in the legal and accounting industries. The company also was named on Austin’s Best Places to Work List for 2024 by Built In Austin for the 5th year in a row.

For more information and to stay updated with AffiniPay’s latest news, please visit affinipay.com.

About AffiniPay
AffiniPay is a market leader in practice management software and online payments for professionals serving legal, accounting, architectural, engineering, and construction firms. AffiniPay has been recognized as one of Inc. 5000’s fastest-growing companies for 12 years in a row. Each of its brands leads the market it serves with solutions purpose-built by industry including LawPay, MyCase, CASEpeer, Docketwise, CPACharge, and AffiniPay for Associations. AffiniPay’s solutions are trusted by more than 245,000 legal & accounting professionals with more than 150 strategic partnerships and endorsements, including the American Bar Association and the American Institute of Certified Public Accountants. Visit affinipay.com to learn more.

About LawPay
LawPay is the industry leader in legal payments with the broadest range of payment options such as Pay Later, eCheck, and surcharging. LawPay provides a cost-effective solution for more than 55,000 law firms around the U.S. and Canada. LawPay is recommended by all 50 state bars, 60+ local and specialty bars and the ABA as a vetted and approved payment solution for the legal industry. LawPay is also the ALA’s Exclusive VIP Partner for Payment Processing. Learn more at lawpay.com.

About MyCase
MyCase, an AffiniPay company, is complete legal practice management software designed for the modern law firm. MyCase covers the entire client lifecycle with Lead Management, Case Management, Billing and Invoicing, and Robust Reporting. It includes market-leading features such as integrated Payments, 2-way text messaging, and the MyCase Client Portal to centralize client communication and share files securely. In 2022, MyCase was acquired by AffiniPay, parent company of LawPay, the market-leading legal payments platform. The AffiniPay family of brands includes MyCase, CASEpeer, Docketwise, and LawPay. Learn more at www.mycase.com.

About CPACharge
CPACharge, an AffiniPay solution, is an online payment solution developed specifically for CPA firms, giving professionals a secure way to accept credit, debit and eCheck payments. AffiniPay is headquartered in Austin, Texas and offers a modern payment gateway that integrates with more than 40 software solutions and is trusted by 50,000 firms. CPACharge is the only payment solution offered as a Member Discount Partner by the AICPA and recommended by more than 42 state CPA societies. Visit cpacharge.com to learn more.

About CASEpeer
CASEpeer, an AffiniPay company, is the leading practice management solution built for personal injury law firms. Designed with input from leading plaintiffs’ attorneys, CASEpeer offers industry-leading best practices and support. Since 2016, the company has focused on providing plaintiff law firms with visibility across operations, from case management and calendaring to employee performance, pipelines, and profitability. In 2022, CASEpeer was acquired by AffiniPay, parent company of LawPay, the market-leading payments platform. The AffiniPay family of brands includes CASEpeer, MyCase, Soluno, Docketwise, LawPay, and Woodpecker. To learn more about CASEpeer visit CASEpeer.com

About Docketwise
Docketwise, an AffiniPay company, is the #1 rated all-in-one immigration software and case management for immigration lawyers. It modernizes immigration practice with multilingual intakes that dynamically generate complete immigration applications based on answers to simple questions. In addition, Docketwise provides a comprehensive suite of case management features, including invoicing, calendaring, secure messaging, task management, case tracking, CRM and more. Docketwise is trusted by thousands of immigration lawyers and practitioners across the United States. In 2022, Docketwise was acquired by AffiniPay, parent company of LawPay, the market-leading payments platform. The AffiniPay family of brands includes Docketwise, MyCase, Soluno, CASEpeer, LawPay, and Woodpecker. Learn more at docketwise.com.

* The LawPay Visa® Business Card is issued by Emprise Bank, pursuant to a license from Visa U.S.A., Inc.